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Manasa works full time as a bookkeeper and has recently commenced a floristry course two nights a week, as this is something she has always been interested in learning how to do. She receives no other income. Problem 1: Which of the following items are tax deductible for Manasa and why?
Problem 2: What is her total allowable deductions from the list below?
Expenses: Annual membership to International Bookkeepers Association - $650 Floristry course - $990 3 training courses related to maintaining her bookkeeping knowledge and skills - $590 Dry flowers and vases to practice her flower arrangements on - $250 Donation to the Red Cross (a deductible gift receipt) - $350
Movies are expensive to produce and market. According to IMDb, the most expensive film on record is Pirates of the Caribbean: At World’s End, with a total budget of $336 million. What reasons can a movie director have for misrepresenting the overall ..
The company with which you are currently employed is experiencing a financial crisis. The chief financial officer (CFO) has suddenly resigned and no one is discussing the reasons. Explain the value of the public communication in this situation. Exami..
Identify the core functions of each department, their strengths and weaknesses, and make recommendations for improvement, as appropriate and identify and describe the underlying problem or conflict
An annuity of 1 in advance at 11% for 8 periods is 5.712. What should be the reported carrying amount of the note payable on December 31, 2016?
Without regard to your answer in (2) above, assume manufacturing overhead was underapplied in December. Explain how would this amount be reported in the company's financial statements at December 31?
Black Productions is thinking of discontinuing model F because it is reporting an operating loss. All fixed costs are unavoidable. Black Productions discontinues model F and rents the space formerly used to produce product F for? $15,000 per? year, w..
An amount of $2000 earns $400 interest in 3 years and 2 months. What is the effective annual rate of interest compounds monthly
Zoey Smith is an hourly employee at the Luden's Co. Zoey. Assuming that Zoey worked 38.5 hours last week, what would Zoey's Net Payroll check be?
Why companies within the same industry, common-sized income statements are often prepared only through operating income rather than through net income
ABC Co. is having its inventory cut-off on December 31, 20x1. Compute for the Adjusted balances of inventory and accounts payable on December 31,20x1.
What the cost per equivalent unit of conversion is? Jonas Company had no beginning inventory and adds all materials at the very beginning of its only process.
multiple choice questions on cash and cash equivalents.a company that increases its liquidity by holding more cash and
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